$XRP

reference to the concept of "omega candle," popularized by Samson Mow, Bitcoin advocate and CEO of Jan3. The theory predicts that Bitcoin's growth trajectory will explode after it hits the mark of USD 100,000.

It will start to rise by 10,000 a day or drop by 10,000 a day. And this is the candle of God. After that, we will start to see omega candles, which are increases of 100,000 daily," Mow said in an exclusive interview with Cointelegraph in November 2024.

The factors contributing to Bitcoin's growth include the growing distrust in the traditional financial system, according to Mow.

ETF inflows and macro relief drive momentum

The price of Bitcoin experienced a recovery of over 9% during the past week, as U.S. spot Bitcoin exchange-traded funds (ETFs) accumulated more than USD 2.2 billion in Bitcoin in the three days leading up to April 23, according to data from Farside Investors.